BMHC sells three Colorado lumberyards
BMC West, a division of BMHC, has announced the sale of three lumberyards in western Colorado to Harbert Lumber, a two-unit dealer based in Junction City. The sale price was $11.4 million, including $9.6 million in cash and $1.8 million in notes receivable.
The transaction involves all three BMC West distribution yards in western Colorado: Steamwood Springs, Glenwood Springs, and Aspen. These operations generated approximately $40 million in sales in 2006, according to BMHC. Employees will be offered jobs by the new owners, BMHC said in a prepared statement.
Robert Mellor, BMHC’s chairman, president and CEO, explained that the company is shifting away from retail-oriented operations in favor of value added products and services like manufacturing and installation.
“We remain focused on ensuring our operating facilities are optimally located and provide the right range of professionally oriented products and services to drive growth and operating efficiencies,” Mellor said.
Harbert Lumber, established in 1937, also operates NorthStar Lumber in Edwards, Colo., as well as High Desert Door, Wholesale Truss, and Ute Canyon Installation.
Tembec announces temporary shutdown of mills
Temiscaming, Quebec-based Tembec has announced temporary shutdowns at its sawmills in Elko and Canal Flats, British Columbia.
“These shutdowns are due to a combination of factors,” said Dennis Rounsville, executive vp and president of Tembec’s Forest Products Group. “These include the sharp decline in demand and prices for lumber and the impact of the high value of the Canadian dollar.”
The Elko sawmill/planer mills will close for a minimum of two weeks starting Oct. 1, and the Canal Flats sawmill/planer mills will take downtime beginning Oct. 15.
The Canal Flats and Elko sawmills and planer mills have an annual production capacity of 420,000 Mfbm of SPF lumber and employ about 480 people.
Tembec has already shut down facilities in Timmins and Kirkland Lake, Ontario, and La Sarre and BZarn, Quebec.
Canfor acquires assets of Chesterfield Lumber
Vancouver-based wood products company Canfor has acquired the assets of South Carolina-based Chesterfield Lumber for $18 million. The acquisition will be made by Canfor’s wholly owned subsidiary, New South.
The Darlington, S.C.-based Chesterfield mill has the capacity to produce 140 million board feet of southern yellow pine annually.
The mill is located between two existing mills owned by New South — at Conway and Camden, S.C.
The transaction is subject to closing conditions and is expected to close in the fourth quarter of 2007.